The India battery market is projected to grow at a 10.46% CAGR through 2032, driven by rising electric vehicle adoption, supportive government incentives, and expanding energy storage and backup power needs.

Hyderabad, India, Oct. 26, 2026 (GLOBE NEWSWIRE) -- According to a recent report by Mordor Intelligence, the India battery market is projected to grow from USD 15.51 billion in 2027 to USD 25.51 billion by 2032, registering a 10.46% CAGR. Rising EV adoption, government incentives, and growing demand for energy storage are driving expansion. However, import dependence, supply chain uncertainties, and limited recycling infrastructure remain key challenges. Falling battery costs are supporting electric two-wheelers, while demand from data centers, telecom, and grid storage is creating new opportunities. Emerging technologies, including sodium-ion and solid-state batteries, could further reshape the market. 

Upcoming Trends & Developments:  

Growing Electric Two- and Three-Wheeler Adoption 

The increasing use of electric two- and three-wheelers is boosting battery demand in India. As more vehicles enter the market, manufacturers can expand their service networks and benefit from a growing need for battery replacements. 

Rising Demand for Backup Power in Digital Infrastructure 

The expansion of telecom networks and data centers is increasing the need for dependable backup power. This creates opportunities for battery suppliers offering energy storage solutions, maintenance, and replacement services. 

Dependence on Imported Critical Minerals 

India’s battery industry relies heavily on imported minerals, exposing manufacturers to supply disruptions and rising costs. Global trade restrictions add further uncertainty, while international partnerships offer potential alternatives for securing raw materials. 

"India battery market is gaining momentum as electric vehicle adoption expands and demand for reliable energy storage increases,This assessment combines structured research and cross-market validation to help decision-makers understand market trends, key growth drivers, and emerging opportunities across battery technologies and applications,” says Himanshu Vasisht, Senior Research Manager, Mordor Intelligence.

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/india-battery-market?utm_source=globenewswire  

India Battery Market Industry Segments 

By Battery Type 

  • Primary Batteries 
  • Secondary Batteries 

By Technology 

  • Lead-Acid Batteries 
  • Lithium-Ion Batteries 
  • Nickel-Metal Hydride Batteries 
  • Nickel-Cadmium Batteries 
  • Sodium-Sulfur Batteries 
  • Solid-State Batteries 
  • Flow Batteries 
  • Emerging Battery Chemistries 

By Application 

  • Automotive (HEV, PHEV, and EV) 
  • Industrial (Motive Power, Stationary Storage, Telecom, UPS, and ESS) 
  • Portable Applications (Consumer Electronics, etc.) 
  • Power Tools 
  • Starting, Lighting, and Ignition (SLI) 
  • Other Applications 

India battery Market Share by Region 

Western and Southern India 

Maharashtra benefits from growing demand for grid-scale energy storage, while Karnataka strengthens the market through battery manufacturing and technical expertise. 

Eastern, Northeastern, and Himalayan Regions 

These areas offer emerging opportunities through renewable energy storage projects and supportive policies. Rajasthan is also encouraging battery storage deployment, creating demand for installation, maintenance, and long-term operational services. 

For a comprehensive analysis of India’s battery market, including key growth drivers, market segmentation, regional trends, and the competitive landscape, explore the full report from Mordor Intelligence - https://www.mordorintelligence.com/industry-reports/india-battery-market?utm_source=globenewswire 

India Battery Companies: 

  • Exide Industries Ltd. 
  • Amara Raja Energy & Mobility Ltd. 
  • Luminous Power Technologies Pvt. Ltd. 
  • HBL Engineering Ltd. 
  • Tata AutoComp GY Batteries Pvt. Ltd. 
  • Okaya Power Pvt. Ltd. 
  • Ola Electric Mobility Ltd. 
  • Reliance New Energy Battery Ltd. 
  • Rajesh Exports Ltd. (ACC Division) 
  • GODI India Pvt. Ltd. 
  • Panasonic Energy India Co. Ltd. 
  • LG Energy Solution India Pvt. Ltd. 
  • JSW Energy Battery Division 
  • Ather Energy Ltd. 
  • Hero Electric Vehicles Pvt. Ltd. 
  • Su-Vastika Systems Pvt. Ltd. 
  • iPower Batteries Pvt. Ltd. 
  • Trontek Electronics Pvt. Ltd. 
  • Evolute Solutions Pvt. Ltd. 
  • Waaree Energies – Battery Storage Division 

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